Trading, whether it be stocks, commodities, assets, or crypto, always seems out of reach. Platforms dedicated to helping people trade are set up to discourage new traders from venturing into the industry.
They throw fancy terminology, graphs, statistics, and numbers that a beginner isn’t going to be able to make heads or tails of. It intimidates many new traders and, as a result, pushes them away and out of the industry.
The News Spy was developed to prevent that. It is a trading platform designed with beginner traders in mind. Actually, The News Spy is your stepping stone on your journey through the world of trading.
At The News Spy, you won’t get charts thrown in your face like on other trading platforms. The information is there if you want it, but it’s no longer going to be front and center as soon as you sign up.
The platform is designed to take the difficult aspects out of trading, so you can focus on getting the fundamentals down with the help of your account manager.
The News Spy aims to remove as many barriers to entry as possible. As a part of that endeavor, the team has made the decision to remove all financial requirements associated with The News Spy. There are no signup costs, no subscription fees, or any other hidden charges that you need to worry about. The only funding you need to do is the initial deposit into your account.
The platform facilitates the trading of cryptocurrency, assets, commodities, and more. You’re bound to find some form of trading that interests you on The News Spy.
While the platform offers a lot of different trading options, there are two specific forms of trading that are great for beginners. These are cryptocurrency and commodities. Both of these can be traded, but each of them acts in a different manner.
Cryptocurrency trading is the new kid on the block in the trading world, and already it’s made quite the impression.
For all intents and purposes, you should view cryptocurrency like you would any other type of currency, such as the dollar or euro. Commodities trade similarly to cryptocurrency, despite being a little bit different in substance. Whereas crypto is a digital coin with no physical denomination of value, commodities are very much tangible items.
Things like gold, silver, coffee, tobacco, alcohol, and more are all considered commodities. When you trade commodities, you’re effectively buying and selling quantities of these items.
Making a choice as to what you want to invest in first is a big one. It’s possibly going to dictate the rest of your trading career, so it isn’t something to be done without any thought put into it.
While you’re advised to try every form of trading at least once, commodities are likely going to be the most beginner-friendly. Trading cryptocurrency requires some technical knowledge that you might not have. While it doesn’t take too much time to acquire that knowledge, you might not be interested in this technical know-how.
In that case, trading commodities could be more suitable for you. When you trade commodities, the entire process is much more simplified since you don’t need any expert knowledge to realize that you’re buying X amount of gold.
As was stated above, The News Spy would advise you to dabble in all sorts of trading before you decide on the one you like. A diverse portfolio is a strong portfolio, so don’t pigeonhole yourself.
The team at The News Spy set its goals on creating a trading platform that catered to an average person looking to get involved with trading.
They’ve removed as many barriers to entry as possible, and the platform includes formal education, too. They wanted you to focus on nailing the fundamentals before you get into the technical stuff, so the platform helps you analyze the market. From there, all you have to do is trade, giving you the freedom to focus on the parts of your trading game that matter the most.
The first thing you need to do is register for an account. Fill in some basic info, and one of the account managers should have you up and running within hours of you submitting your account request.
Once you’ve been verified and logged in through your broker’s website, you need to make an initial deposit of $250 into your account. That is the minimum amount required for online trading, and it is highly recommended you start low while you’re still on your learning curve.
That’s all there is to it. With your account activated and a funding base to work with, you can start trading.
Over the years, The News Spy team has been asked a lot of questions by potential traders. While everyone has their own unique inquiries, some are more common than others. The News Spy team has compiled the most common of these into a quick-reference FAQ section down below.
Nothing! The News Spy is a completely free platform. The team wanted to remove as many barriers for entry as possible, and they stand by their decision.
There are no signup fees for The News Spy, no subscription fees, and no hidden charges or costs, either. Everything about the platform is completely free for you to use.
The only time you’re ever going to need some cash is when you’re making that initial funding deposit into your account.
While the team understands you would like to get up and running with The News Spy right away, unfortunately, they do need some time to verify your account once you sign up.
Thankfully, though, this process was streamlined as much as possible. Whereas other trading platforms could take weeks to approve your account, with The News Spy, it shouldn’t take too long to start your trading journey.
In most cases, you’re going to start trading much sooner than that.
That’s not something that anyone at The News Spy can answer for you. Your decision to start trading depends solely on you, your circumstances, and your motivation.
You can start trading at any time; there are no prerequisites that you need to fulfill before you can do that.
However, The News Spy would advise that you make sure you’re financially stable before you decide to invest.
If you find yourself living paycheck to paycheck, it’s not going to do you any good to put yourself at a bigger disadvantage by trading with money you can’t afford.